Tudor Investment Corp ET AL grew its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 68.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 57,613 shares of the bank's stock after acquiring an additional 23,379 shares during the quarter. Tudor Investment Corp ET AL owned about 0.34% of QCR worth $4,646,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of QCRH. Barclays PLC raised its position in shares of QCR by 148.9% during the third quarter. Barclays PLC now owns 30,805 shares of the bank's stock worth $2,281,000 after acquiring an additional 18,430 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of QCR by 11.2% during the third quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank's stock valued at $615,000 after purchasing an additional 834 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in QCR by 10.8% during the third quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank's stock worth $31,229,000 after purchasing an additional 41,043 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in QCR in the 4th quarter worth about $3,755,000. Finally, SG Americas Securities LLC increased its stake in QCR by 136.5% in the 4th quarter. SG Americas Securities LLC now owns 5,053 shares of the bank's stock valued at $407,000 after buying an additional 2,916 shares during the last quarter. Institutional investors own 70.01% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on QCRH shares. Raymond James set a $78.00 price objective on shares of QCR and gave the stock an "outperform" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their target price on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Piper Sandler reduced their price target on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th.
Check Out Our Latest Stock Report on QCRH
Insiders Place Their Bets
In other QCR news, insider James D. Klein sold 630 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the transaction, the insider now owns 428 shares of the company's stock, valued at $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Larry J. Helling acquired 1,000 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $64.53 per share, with a total value of $64,530.00. Following the transaction, the chief executive officer now directly owns 40,264 shares in the company, valued at $2,598,235.92. This trade represents a 2.55 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by company insiders.
QCR Price Performance
Shares of QCR stock traded up $1.00 during trading on Wednesday, hitting $66.23. 8,593 shares of the stock traded hands, compared to its average volume of 74,744. QCR Holdings, Inc. has a 52 week low of $54.75 and a 52 week high of $96.08. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 9.88 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The firm's fifty day moving average is $69.02 and its 200-day moving average is $77.93.
QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.01. QCR had a net margin of 19.06% and a return on equity of 12.68%. The company had revenue of $76.88 million for the quarter, compared to analysts' expectations of $94.01 million. During the same quarter in the previous year, the business posted $1.59 earnings per share. Research analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.
QCR Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were paid a $0.06 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. QCR's dividend payout ratio is currently 3.61%.
QCR Company Profile
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Free Report)
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.
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